CompoSecure, Inc. (NASDAQ:CMPO) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 64.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,820 shares of the company’s stock after buying an additional 38,037 shares during the period. Bank of New York Mellon Corp owned about 0.11% of CompoSecure worth $1,484,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after buying an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in CompoSecure during the third quarter worth approximately $140,000. Wolverine Asset Management LLC boosted its holdings in CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after buying an additional 4,039 shares in the last quarter. Principal Financial Group Inc. bought a new stake in CompoSecure during the third quarter worth approximately $146,000. Finally, Centiva Capital LP bought a new stake in CompoSecure during the third quarter worth approximately $151,000. 37.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMPO has been the subject of a number of research reports. Lake Street Capital reduced their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Needham & Company LLC decreased their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, TD Cowen initiated coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.19.

CompoSecure Stock Down 1.0 %

CMPO stock opened at $11.30 on Friday. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -25.68, a PEG ratio of 2.63 and a beta of 0.77. The company has a 50 day moving average of $14.18 and a two-hundred day moving average of $14.53.

Insiders Place Their Bets

In related news, Director Joseph J. Deangelo bought 45,045 shares of the business’s stock in a transaction on Monday, March 17th. The stock was bought at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the transaction, the director now directly owns 45,045 shares in the company, valued at $500,900.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the sale, the insider now owns 1,481,036 shares of the company’s stock, valued at approximately $16,306,206.36. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Insiders own 74.99% of the company’s stock.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.